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Banking Union as a shock absorber : lessons for the eurozone from the US /

This book illustrates how the structure of the US banking market and the existence of federal institutions allowed regional financial shocks to be absorbed at the federal level in the US, thus avoiding local financial crisis. The authors argue that the experience of the US shows the importance of a...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Gros, Daniel, 1955- (Autor), Belke, Ansgar (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Brussels : London : Centre for European Policy Studies (CEPS) ; Rowman & Littlefield International, [2015]
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Gros, Daniel,  |d 1955-  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PBJtgXYchd73TqCFVGywjYP 
245 1 0 |a Banking Union as a shock absorber :  |b lessons for the eurozone from the US /  |c Daniel Gros and Ansgar Belke. 
264 1 |a Brussels :  |b Centre for European Policy Studies (CEPS) ;  |a London :  |b Rowman & Littlefield International,  |c [2015] 
264 4 |c ©2015 
300 |a 1 online resource (ix, 82 pages) :  |b color illustrations 
336 |a text  |b txt  |2 rdacontent 
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504 |a Includes bibliographical references (pages 73-78) and index. 
505 0 0 |t List of Abbreviations --  |t Preface --  |g 1.  |t Introduction and motivation --  |g 2.  |t The macroeconomic stabilisation properties of a banking union: Some case studies --  |g 2.1.  |t Regional concentration of real estate cycles within a monetary union --  |g 2.2.  |t Ireland vs Nevada --  |g 2.3.  |t Florida: Another example of the US banking union in action --  |g 2.4.  |t Nevada vs Latvia --  |g 3.  |t Foreign-owned banks: A banking union substitute? The EU experience --  |g 4.  |t Who pays for the shock absorbers? --  |g 4.1.  |t FDIC --  |g 4.2.  |t Securitisation via US federal housing-market institutions --  |g 4.3,  |t Other (private label) securitisation --  |g 4.4.  |t Who pays in the end? The incidence of taxes in a competitive industry --  |g 5.  |t What to expect from the European banking union? --  |g 6.  |t Open issues for banking union --  |g 6.1.  |t Can the SRF survive without a fiscal backstop? --  |g 6.2.  |t How to discourage risk-taking via the contributions to the SRF --  |g 6.3.  |t Separating resolution and deposit insurance: Principles of a two-tier European deposit (re)insurance system --  |g 6.4.  |t Basic principles of reinsurance --  |g 6.4.1.  |t Compulsory reinsurance with a deductible --  |g 6.4.2.  |t Premiums and management --  |g 6.4.3.  |t Transition --  |g 7.  |t General considerations: Fiscal union and financial shock absorber --  |g 8.  |t Concluding remarks --  |t References --  |t Index --  |g Boxes, Figures and Tables --  |g Box 1.  |t Contributions to a bank resolution fund: Conceptual underpinnings --  |g Box 2.  |t The FDIC as an example for Europe? --  |g Figure 1.  |t Development of the real estate sector--the US vs the euro area (1995-2012) --  |g Figure 2.  |t Distribution of losses sustained by the FDIC from the 2007-08 sub-prime crisis (% of GSP) --  |g Figure 3.  |t The boom-bust cycle: Nevada vs Ireland --  |g Figure 4.  |t Irish government debt vs the state of Nevada and local debt (% of GSP) --  |g Figure 5.  |t The boom-bust cycle in Florida vs Spain --  |g Figure 6.  |t Distribution of the losses from the S & L crisis The boom-bust cycle in Nevada vs Latvia --  |g Figure 7.  |t Distribution of the losses from the S & L crisis sustained by FDIC and precursors (% of GSP) --  |g Figure 8.  |t The relative importance of deposits as a function of bank size --  |g Table 1.  |t Key statistics on Ireland vs Nevada --  |g Table 2.  |t Key statistics on Spain vs Florida --  |g Table 3.  |t Selected credit characteristics of single-family conventional loans, by acquisition period (% of total). 
520 |a This book illustrates how the structure of the US banking market and the existence of federal institutions allowed regional financial shocks to be absorbed at the federal level in the US, thus avoiding local financial crisis. The authors argue that the experience of the US shows the importance of a 'banking union' to avoid severe regional (national) financial dislocation in the wake of regional boom and bust cycles. They also discuss the extent to which the institutions of the partial banking union, now in the process of being created for the euro area, should be able to increase its capacity to deal with future regional boom and bust cycles, thereby stabilising the single currency.--  |c Publisher description. 
588 0 |a Online resource; title from title page (Centre for European Policy Studies, viewed December 21, 2015). 
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